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Hokie360

Joined: 08/26/2006 Posts: 17911
Likes: 7206


It's easy. Just take your current annual salary, divide by


.02, and add $250k.

The .02 is based on a rough estimate of the S&P 500 yield (2%), so you can spend the dividend and never spend down the principal. The extra $250k is about what Fidelity says a couple's average medical expense will be in retirement. Hopefully, that dividend income will also roughly keep up with inflation.

In other words, I still gotta lot of saving to do.

(In response to this post by EDGEMAN)

Posted: 05/16/2018 at 11:55AM



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Current Thread:
 
  
Savings and Millenials -- HokieForever 05/16/2018 08:57AM
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